A Role of Ethics and Social Responsibilities in Management

A Role of Ethics and Social Responsibilities in Management...

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A role of ethics and social responsibility in Management. Ethics can be defined as a process of evaluating actions according to moral principle of values (A. Alhemoud). Throughout the centuries, people it is a choice between profit and moral. Perhaps some of them obtain both, but every time I could have raised ethical issues. These relate equity, justice, goodness and badness, and as a result can only be solved according to ethical standards. Establishment of ethical standards in the way of doing business in company is primarily the task of management. Companies need to maintain same rules as an individual and also corporations as organizational units have their own social responsibilities toward customers, employees and society. However, businesses must have their original purpose performance - with profit. Balancing traditional standards profitability and the burden of social responsibility is not an easy task. In recent years there has been a trend-setting standards of business ethics according to high moral. In order to maintain ethical standards management must follow the law. However, there are some complications in implementing it. The law affects and is affected by social forces and ethical rules. "Although the law ethical companies can encode ____________________________________________________ ____________________ Alhemoud, Ali "Ethical Management is smart business." values, ethical decision-making that transcends the law: 1) the law deals actions, not thoughts, and therefore does not (can not) encode all ethical requirements, and 2) an individual or group may perceive a given law as immoral, not as a guide for ethical behavior. "(A. Alhemoud). How, then, a company can ensure that its code of ethics is both followed and enforced? ". .. Defense company as General Dynamics and TRW, and an information company, Dun
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This note was uploaded on 09/20/2011 for the course BUSINESS/A ACC 546 Au taught by Professor Dh during the Winter '09 term at University of Phoenix.

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A Role of Ethics and Social Responsibilities in Management...

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